A widely followed trader flags a crucial price area for Bitcoin (BTC) that could have a meaningful impact on the broader crypto market.

Pseudonymous analyst Inmortal tells his 235,500 followers on X that altcoins will likely get hammered hard if Bitcoin loses a key support level.

“$108,000 is the line in the sand.

Below $108,000-30% on altcoins

Ranging between $108,000-$120,000: Sideways + good moves on outperformers

Above $120,000: two to five weeks of altseason.”

Based on the trader’s chart, he seems to predict that BTC will soar to new all-time highs if bulls defend $108,000. At time of writing, Bitcoin is trading for $112,853.

Looking at Ethereum (ETH), the analyst flags $4,000 as a golden opportunity for long-term investors.

“This area is a gift, in my opinion.”

At time of writing, ETH is worth $4,197.

Inmortal is also bullish on the native asset of the layer-2 Ethereum scaling solution Mantle (MNT). According to the trader, MNT looks poised for rallies after respecting support at around $1.45.

“MNT ended up being an outperformer.

Nobody expected it, and that’s exactly why it happened.”

Looking at the trader’s chart, he appears to predict that MNT will hit $2.60. At time of writing, MNT is trading at $1.73.